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Monthly US Hiring Update_August Edition

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13 Job Market Easing for Workers as Length of Unemployment Decreased in June 2023 0,0 5,0 10,0 15,0 20,0 25,0 30,0 35,0 Jan-19 Mar-19 May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 Sep-22 Nov-22 Jan-23 Mar-23 May-23 Average Week of Unemployment Source: Bureau of Labor Statistics • US average duration of unemployment is at a current level of 20.7 weeks • Down from 21.2 weeks in May 2023 and below 2022 average of 22.6 weeks. • This means that the job market is easier to navigate from a candidate/employee standpoint.

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